Quote:
H1 Charts, 118 bars / week
GBPUSD: 19 Jan, 2005 - 5 Oct, 2007: 5646 pips, 16874 bars ~ 39 / week
EURJPY: 16 Feb, 2005 - 5 Oct, 2007: 3560 pips, 16392 bars
EURUSD: 16 Feb, 2005 - 5 Oct, 2007: 3427 pips, 16392 bars
GBPJPY: 16 Feb, 2005 - 5 Oct, 2007: 3254 pips, 16391 bars
USDCHF: 16 Feb, 2005 - 5 Oct, 2007: 2920 pips, 16392 bars
USDJPY: 16 Feb, 2005 - 5 Oct, 2007: 2808 pips, 16391 bars
CADJPY: 14 Jul, 2006 - 5 Oct, 2007: 1195 pips, 7574 bars
|
It's funny how different backtesting can be. Unfortunately FXDD does not offer 1H candles for the years 2005 or 2006. They all start in May 2007 ...
But still these results look good. On the 1H chart, 480 bars are 1 month (24h * 20 days). That means ...
GBPUSD: ~ 160 pips per month (5646 pips / 16874 bars * 480)
EURJPY: ~ 104 pips per month
EURUSD: ~ 100 pips per month
GBPJPY: ~ 95 pips per month
USDCHF: ~ 85 pips per month
USDJPY: ~ 82 pips per month
CADJPY: ~ 75 pips per month
Trading those pairs brought you an average gain of ~ 700 pips per month in long-term backtesting. That's more than enough.
Quote:
Derek,
i found a good setting on the G/Y 4H
the results said 11560 pips for 13489 bars.
|
Mescalito, I still testing different time frames. But the results vary not much. Have a look at your result:
11560 pips / 13489 bars * 120 = ~ 102 pips per month (only 7 pips more than on the 1H timeframe)
But a higher timeframe always means a higher risk. Just remember that the haClose is important. In times of a volatile market you have bigger losses when you are trading the false direction. On the 1H timeframe you always get out earlier ...
Just have a look at the GBPUSD in August on the 4H timeframe: 2 very big losses: 123 pips and 116 pips. That's really hard to sit out. The biggest loss on the 1H timeframe was about 60 pips. That's still too much but better than on the 4H. I think the strategy is not made for bigger timeframes. Trading GBPUSD on a daily chart, for example, brings only ~ 65 pips per month.
I think it's better to reduce the losing trades with other indicators. I'm still busy with looking for the "Price Action Volatility" indicator. I haven't found it until now.